Millions of Hajj pilgrims began heading back to Mecca for final prayers on Tuesday as the world's largest annual pilgrimage went off without incident despite the logistical challenges and escalating regional tensions, Reuters reports.
In its first-ever half-year earnings report, Saudi Aramco said the company had earned a net income of $46.9 billion in the first half of 2019, a 12 percent decrease from $53 billion in the period a year earlier, when oil prices were higher.
Saudi Arabia’s Public Investment Fund (PIF) has acquired a 40% stake in Jasara Program Management Co., a joint venture between Saudi Aramco and Jacobs Engineering Group, three people familiar with the matter told Bloomberg.
Saudi Arabia is reportedly expanding the reach of its $28b Saudi Industrial Development Fund (SIDF) to allow the financing of energy, logistics and mining projects as part of broader efforts to develop the kingdom’s industries.
Saudi Arabian flag-carrier Saudia announced at the Paris Airshow that is expanding its existing order of Airbus A320neo family of plans from the current number of 35 "to as many as 100, including 35 options," according to reports.
As the Kingdom prepares to open itself up to more visitors and boost its tourism industry in line with Vision 2030, the SUSTG team is pleased to cite AramcoExpats.com and their series examining some of the most amazing places that Saudi Arabia has to offer.
Saudi Arabia, the UAE, and Norway have told the UN Security Council that the recent attack on four oil tankers off the UAE coast was a "sophisticated and coordinated" operation most likely conducted by a "state actor," according to reports.